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NEWALTA CORPORATION T.NAL

"Newalta Corp provides engineered environmental solutions that enable customers to reduce disposal, enhance recycling and recover valuable resources from oil and gas exploration and production waste streams."


TSX:NAL - Post by User

Bullboard Posts
Comment by montanna4on Mar 29, 2016 1:27pm
249 Views
Post# 24708006

RE:RE:Panic Seller Sale

RE:RE:Panic Seller Sale I hope they turn things around. Waiting for it to drop a bit more. Not sure when they will turn things around even if oil goes to $50 a barrel. Here is a quote from Jim Huang, President of T.I.P. Wealth Management: "A year ago they sold their industrial division, and are now pretty much leveraged to oil/gas waste recycling. Timing wasnt great. The issue is more of a macro issue rather than company specific. He does believe oil will rebound, but even at a $50-$60, activity level is going to be pretty low and their business will be pretty depressed. Doesnt see anything in the short term that will get the stock up."
Bullboard Posts